BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Macquarie Upgrades Cipla to Outperform
Macquarie has upgraded Cipla to 'outperform' for target price of Rs 800 per share. Macquarie says that Cipla is now acquiring scale in US and its growth momentum will remain strong going forward. Macquarie adds that the stock has corrected significantly post the results and now trades at 20 times its FY17E which is at a discount to its peers.